The liquidity of the Ethereum market has decreased by 20% after the listing of spot ETFs
According to data tracked by digital asset data company CCData, since the listing of the US Ethereum spot exchange traded fund (ETF) on July 23 this year, the market depth of Ethereum (ETH) on the exchange has declined, which is different from the situation of Bitcoin (BTC) after its listing on the spot ETF.
Some analysts predicted last year that spot ETFs would have a net positive impact on market liquidity, making it easier to execute large buy and sell orders at stable prices, which was confirmed in the Bitcoin market. After the Bitcoin spot ETF went public in January this year, the market liquidity of Bitcoin has significantly increased.
However, data tracked by CCData shows that the average 5% market depth of Ethereum trading pairs on centralized exchanges in the United States has decreased by 20% to around $14 million. On offshore centralized exchanges, it decreased by 19% to around $10 million. In other words, it has actually become easier to make spot prices fluctuate by 5% in either direction now, which is a sign of reduced liquidity and increased sensitivity to large orders.
CCData analysts believe that this situation may be due to current market conditions and seasonal influences.
Although the market liquidity of ETH trading pairs on centralized exchanges is still higher than at the beginning of the year, liquidity has decreased by nearly 45% since its peak in June, "said Jacob Joseph, a research analyst at CCData, in an interview with CoinDesk." This may be due to poor market conditions and seasonal effects during the summer, typically accompanied by lower trading activity
This indicator refers to the buying and selling order volume of an asset within a range of 5% above or below the market price. A higher depth indicates stronger liquidity and lower sliding point costs. CCData examined the 5% market depth of all ETH trading pairs across 30 centralized exchanges.
data source
(责任编辑:基金工具)
- ·点点钱包只能大学生吗-点点钱包还可以用吗
- ·火币网盗币
- ·火币网不能提现
- ·加密支付网关 Finassets 推出用户友好界面升级
- ·火币区块
- ·元宝币是什么时候 元宝币是什么时候发行的
- ·请问广发车主卡新卡有什么优惠吗?
- ·存货跌价准备可以税前扣除吗
- ·库神钱包孙泽宇-库神钱包简介
- ·okcoin火币
- ·平行的金融体系:稳定币在越南的崛起
- ·多币种数字货币钱包
- ·Arthur Hayes 解釋降息影響:日元兌美元匯率是關鍵、降息後市場恐暴跌
- ·DePIN & AI 项目 Network3 宣布推出本地大语言模型功能,推动边缘 AI 发展
- ·Vitalik 辩论 DeFi 有感:1% 开发者与 90% 交易者之间的沟通鸿沟
- ·工程设备折旧年限怎么算
- · 全球三大虚拟货币交易平台
- · 欧亿交易所怎么样。
- · okcoin交易平台
- · 虚拟货币交易平台排名
- · 欧易开户
- · okx官方
- · OK交易所官网入口登录
- · 亿欧app下载
- · 0kx交易所官网
- · 亿欧交易所下载